Research On The Effect Of Tax Preferential Policies In My Country's Integrated Circuit Industry

The integrated circuit industry is a strategic emerging industry and a basic industry.It is the foundation of the information technology industry.Its importance to the national economy and technological security is self-evident.Guided by the goal of“Made in China 2025” and the new dual-cycle development pattern,the development of my country's integrated circuit industry has entered a golden period.The state has successively introduced a series of fiscal and tax policies to support it,and most of the industrial chain can be self-sufficient.A small number of technologies have reached the world's advanced level,but my country's integrated circuit industry also has problems such as the lack of key raw materials and core equipment,the dependence of high-end products on imports,and the shortage of professional technical personnel.As an important part of the fiscal and taxation policies that encourage the development of the integrated circuit industry,preferential tax policies can ease the pressure on business operations by transferring tax funds,encourage innovative research and development,and achieve the purpose of optimizing resource allocation and supporting industrial development.At present,there are few researches on preferential tax policies for the integrated circuit industry in our academic circles.Therefore,the main work done in this article is to explain how the preferential tax policies affect integrated circuit companies from the theoretical level,and the development status of my country's integrated circuit industry and the current preferential tax policies.Make a relatively complete description and sorting out,qualitatively and quantitatively study the effect of tax incentives,and put forward a number of suggestions to improve the tax incentives of the integrated circuit industry based on the results of current situation analysis and empirical analysis.The ideas of this article are as follows: The first part summarizes the research results of domestic and foreign scholars and briefly describes the research methods and ideas of this article;the second part analyzes the theoretical basis of tax incentives for the development of the integrated circuit industry.The first is that the integrated circuit industry has externalities and public products.Attribution,it is necessary to "see the hand" to formulate industrial support policies to compensate for market failures.Second,preferential tax policies can transfer funds to enterprises,encourage enterprise innovation,and stimulate enterprise development potential.Third,solve human capital,technology and development potential through fiscal and taxation policies.The externality of knowledge overcomes the diminishing factors of production and makes economic growth endogenous;the third part discusses how the preferential tax policies affect integrated circuits from two perspectives: the incentive effect of preferential tax policies on corporate performance and the incentive effect of preferential tax policies on R&D and innovation Make a theoretical explanation for the development of the enterprise;the fourth part is the analysis of the current situation.The current situation of the development of China's integrated circuit industry is that the scale of China's integrated circuit industry is "large but not strong",and the development is "fast but not optimal." Preferential coverage is narrow,preferential structure is single,lack of tax support to encourage investment,etc.;The fifth part is to build a panel data regression model to empirically analyze the impact of preferential tax policies on the development of the integrated circuit industry,and conclude that tax incentives can significantly improve corporate performance,Promote enterprise innovation.Compared with the low tax rate reduction and exemption,the R&D expense plus deduction policy has a stronger incentive effect on the development of enterprises;Part VI transforms from the legalization of tax preferential policies,broadens the scope of tax incentives for integrated circuit enterprises,and increases the encouragement of R&D Innovative preferential strength and improvement of taxation support for venture capital provide policy recommendations.